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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
a big $22 billion social security payment august 3rd but recent tax revenues have come in $14 billion higher than expected. >> in other words the treasury on august 2nd stands to have more cash on hand than before and they'll be able to make the big social security payment august 3rd. >> reporter: at most that gives the government one more week. >> can they go up to the 11th hour? >> there's a big cost going to the 11th hour because you start to spook markets. >> reporter: former governor of michigan says in the rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster, so when you go last minute and you're basically saying you know, don't assume that we have responsible adults that has huge, huge costs we've seen it happen before. let's hope it doesn't happen now. >> reporter: while economists say the risk is remote, the risk of a new recession is very real. if america has to slash its spending to stay under the debt ceiling, the recovery could be over and quickly. anthony mason, cbs news, new york. >>> now to the massacre in norway. the confessed
nuclear power as the nation's next big power source. the plan comes as demands for energy grow and objections to nuclear energy grow with it. wit johnson reports. >> reporter: with u.s. energy demand expected to increase by 21% in the next two decades, nuclear power has been staging a quiet comeback. president obama has called for billions in loan guarantees to build new nuclear reactors. but past disasters, like fukushima japan, three-mile island, and chernobyl, have made americans fearful of nuclear energy. not one plant has gone online in the u.s. since 1996. >> that's basically a representation of the core. >> reporter: that's about to change. westinghouse ceo showed us the high-tech simulated control room for the ap 1000. >> the u.s. fleet right now is about twice as safe as required by law. the a pchl 1000 is 100 time safer. >> reporter: that claim will be put to the test when the very first goes online in china in two years. then by 2016 in georgia, two ap1000 reactors are scheduled to begin operation. >> no nuclear power plant is walk-away safe. i think it's really dece
Search Results 0 to 5 of about 6 (some duplicates have been removed)